Printer Friendly

MARRIOTT REALIGNS LODGING OPERATIONS UNDER ONE ADMINISTRATIVE GROUP

MARRIOTT REALIGNS LODGING OPERATIONS UNDER ONE ADMINISTRATIVE GROUP
 WASHINGTON, March 23 /PRNewswire/ -- Marriott Corporation (NYSE: MHS) said today that it has realigned its lodging businesses, placing them under one executive. The company said William R. Tiefel will become president, Marriott Lodging Group, and will continue as an executive vice president of Marriott Corporation.
 Tiefel will continue to be responsible for Marriott Hotels, Resorts and Suites, and Marriott Ownership Resorts. He will assume additional overall responsibility for the company's other lodging brands. A. Bradford Bryan, Jr. will continue as president of Courtyard, Fairfield Inn and Residence Inn, and also will become responsible for Marriott Golf and lead the company's "lodging leverage" efforts. He will now report to Tiefel.
 In announcing the change, J.W. Marriott Jr., chairman and president of Marriott Corporation, said: "Bill Tiefel, Brad Bryan and the people reporting to them have worked well together on major projects over the past several years. This cooperation has strengthened Marriott's market presence by taking advantage of our multiple brands. It has helped us improve effectiveness and reduce costs by coordinating support systems, creating a national transient sales effort, and undertaking joint advertising and sales promotion programs," he said.
 Marriott explained: "While the benefits of these joint efforts are substantial and far-reaching, they have not prevented us from maintaining the individual brand identities of our four key lodging products. Marriott Hotels, Resorts and Suites; Courtyard; Fairfield Inn; and Residence Inn will continue to have separate identities, and relationships with owners and franchisees will not be changed.
 "After extensive review," he said, "Bill and Brad jointly recommended placing all of Marriott's lodging businesses under one executive, while at the same time maintaining strict brand integrity. We believe this will best position the company to capitalize on additional growth opportunities in the lodging industry."
 Tiefel, 57, has spent more than 30 years in the management of Marriott lodging operations. After service as resident and general manager at several properties, he became a regional vice president and later an executive vice president of Marriott Hotels, Resorts and Suites. He has served as president of Marriott Hotels since 1988.
 Bryan, 46, joined Marriott in 1980, working as a resident and general manager for several full-service hotels before becoming the first executive vice president and general manager of Courtyard. He was named president of Courtyard, Fairfield Inn and Residence Inn in 1989.
 Marriott Corporation is a diversified hospitality company involved in lodging and contract services. It is the world's largest hotel operator. The Marriott Lodging Group encompasses over 700 hotels, totaling about 162,000 rooms. Marriott Hotels, Resorts and Suites, founded in 1957, is the company's upscale, full-service chain. Courtyard is Marriott's lodging offering in the moderate segment. Residence Inn is the leader in the extended stay segment, and Fairfield Inn is Marriott's economy lodging product. Marriott Ownership Resorts operates vacation timesharing resorts, and Marriott Golf manages facilities for golf course owners.
 -0- 3/23/92
 /CONTACT: Robert T. Souers of Marriott Corporation, 301-380-1339/
 (MHS) CO: Marriott Corporation ST: District of Columbia IN: LEI SU:


SB -- DC016 -- 0496 03/23/92 10:46 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 23, 1992
Words:517
Previous Article:REXENE CORPORATION ANNOUNCES RESCHEDULED HEARING, MANAGEMENT CHANGES
Next Article:BOEING MARKET FORECAST REMAINS FAVORABLE
Topics:


Related Articles
MARRIOTT TO BECOME TWO COMPANIES THROUGH SPECIAL DIVIDEND
MARRIOTT REPORTS HIGHER SALES AND NET INCOME FOR ITS FISCAL 1992
MARRIOTT ISSUES SPECIAL DIVIDEND, COMPLETING SPLIT INTO TWO COMPANIES
MARRIOTT INTERNATIONAL POSTS 25 PERCENT HIGHER EARNINGS PER SHARE FOR 1995 SECOND QUARTER
MARRIOTT INTERNATIONAL POSTS 21% INCREASE IN FIRST QUARTER NET INCOME
Marriott's Ambitious Outreach Yields Significant Gains in African American and Hispanic Hotel Ownership.
Marriott International Makes Fortune 'Best Companies to Work For' List for 9th Consecutive Year.
Marriott Names Bob McCarthy President North American Lodging Operations.
Marriott International to Delist from the Pacific and Philadelphia Stock Exchanges, Retains NYSE and Chicago Exchange Listings.
Marriott Names New Leader of Diverse Hotel Ownership Program.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters